Hydrogenics: New Debt Facility

Die auf Wasserstoff-Technologie spezialisierte Hydrogenics erhält eine neue Kreditlinie über neun Millionen US-Dollar. Wir veröffentlichen die Mitteilung des kanadischen Unternehmens dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

Mississauga, Ontario - Hydrogenics Corporation (HYGS) (HYG.TO) a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, announced that it has entered into a credit agreement with Export Development Canada (“EDC”) for a five year, US$9 million term loan.

“We are very pleased to announce this new, long-term credit facility,” said Daryl Wilson, President & CEO of Hydrogenics.  “The facility allows us to invest in our business, providing funds for equipment to improve our manufacturing throughput as well as fund working capital during our expected expansion going forward. We appreciate the support given by EDC to Hydrogenics and our leading hydrogen-based applications.”

“Supporting clean technologies like those developed and manufactured by Hydrogenics is one of EDC’s key priorities,” said Dan Mancuso, Vice-President, International Financing, Small & Mid-Market at EDC. “Hydrogenics is a world leader in hydrogen technology, and we’re pleased to provide financing that will support their continued international growth.”

Funding under the loan is expected to be advanced on November 7, 2016. As consideration for providing the loan, EDC was granted 200,575 share purchase warrants. Each warrant is exercisable for one common share of Hydrogenics at an exercise price of US$6.85 per common share. The warrants are transferrable and expire on November 4, 2021.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold into the United States absent registration or an exemption from registration. The securities have not been and will not be qualified for sale by way of a prospectus under Canadian securities laws.

About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.

Contact:
Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com

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